Neoprene Market Poised to Grow at a CAGR of 6.3% by 2024

Neoprene Market Poised to Grow at a CAGR of 6.3% by 2024


Infinium Global Research has added a new report on Neoprene Market. The report presents analysis of global as well as regional markets of neoprene market over the period of 2016 to 2024. Neoprene is a family of synthetic rubbers that are produced by polymerization of chloroprene. It is also called as polychloroprene or pc-rubber. Neoprene exhibits good chemical stability and maintains flexibility over a wide temperature range. Several benefits of neoprene include heat resistance, ozone resistance, electrical resistance, and anti-weathering properties,that makes neoprene a very useful component in the construction and roofing sectors. Additionally, it has several applications in the mass transit industry, automotive industry, and electrical industry.   

 

Asia-Pacific region accounted for the largest market share of the global neoprene market due to widespread demand in construction, automotive and other industrial segments in countries like China, and India, and Japan. Neoprene based product finds wide-ranging of applications in the construction sector such as window seals, customized window gaskets, bridge bearing pads and highway & bridge seals which will boost the growth of neoprene market in this region in coming years.  North America neoprene market size constitute a significant chunk of the overall business size in 2017.  Strong automotive demand in the North America region will trigger the product demand, which would help to boost the neoprene market in this region. According to OICA, North America automotive sales recorded in 2012 was 2.3 million units which rose to 2.5 million units by the end of 2017. The trend is projected to continue in the forecast period which will drive overall product demand in the coming years. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global neoprene market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global neoprene market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1856

 

The recent report identified that Asia dominated the global neoprene market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the neoprene market worldwide.

 

The report segments the global neoprene market on the basis of Type and End User.

 

Global Neoprene Market by Type

·         Normal Linear Grades

·         Precrosslinked Grades

·         Sulfur-modified Grades

·          Slow Crystallizing Grades

 

Global Neoprene Market by End User

·         Latex

·         Elastomers

·         Coatings

·         Building & Constrution

·         Automotive

·         Electrical

 

Companies Profiled in the Report

·         Dupont

·         Bayer AG

·         EniChem

·         Denki Kagaku Kogyo

·         TOSOH Corporation

·         Showa DDE

·         Changshou

·         Haitong

·         Hecheng

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.


© 2024. Infinium Global Research LLP. All Rights Reserved.